Nicole Heasley Beitenman
Closing some of my credit cards makes sense to me. Am I correct?
Hi BP! I was talking to a friend of mine about credit. He says that each person is worth a certain amount of credit based on their income. Here was his example: Say you make $70k per year. You are then worth $200 in c...
Riley C.
Debate: Buy or Wait Given Looming Economic Recessionary Fears
Hi BP,I've set out a goal to purchase my first property before my current lease ends in April. I'm currently renting in Chicago and I'm looking buy a multifamily property in certain up and coming areas in inner city C...
Bastian Kneuse
Good Markets to Get Started
HI BP- Community,I am a new investor and have been studying real estate investing for quite some time from the sideline. The time has come to get my feet wet and actually make something happen. However, I feel that I ...
Account Closed
How long does it take you to rent a property in a D class area?
How long on average does it take for you to rent a property in a D class area?How often do you show the property?Do you do open houses or personal showings? How many people dont fill out applications in full?How do yo...
Adam Meadows
Need Advice: Self-directed IRA vs. Solo 401K
Hello BP,I need some help regarding how to proceed on determining a SDIRA vs. Solo 401K. I've got about $100K in a 403B plan (equivalent of 401K for non-profit organizations) from a former employer. I am currently an ...
Leon Lee
Inherited tenants not responding to my emails/text/calls
Hi, BPersI recently closed on a fourplex in a C- area. All my previous rentals are SFH or condos and this is the first time for me to own/manage small MF. After the closing, I sent emails to tenants setting up new way...
Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
Vasyl Levchenko
Picking a cashflow market to scale
Hello community,I am evaluating some cashflow markets that I am interested in and would like to share my findings and thoughts on the subject and listen to your feedback. Critiques are encouraged as this is a combinat...
Dmitri L.
100 Doors in 5 Years!
Hello All!
I'm hoping to dip into the collective wisdom of BP and get some input on my high-level REI plan, below. Any and all comments, suggestions, and clue-by-four-ing much appreciated!
WHAT
Go...